EX-21 6 a2129092zex-21.htm EXHIBIT 21
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EXHIBIT 21

PARENTS AND SUBSIDIARIES
As of December 31, 2003

Company Name
   State or country of
incorporation or
organization
   Voting % owned
by immediate
parent
  
Registrant:          
International Business Machines Corporation   New York  
Subsidiaries:          
IBM Credit LLC   USA (Delaware)   100.00  
IBM International Foundation   USA (Delaware)   100.00  
IBM International Services Corporation   USA (Delaware)   100.00  
  IBM Business Transformation Center, S.r.l.   Costa Rica   100.00  
Tivoli Systems, Inc.   USA (Delaware)   100.00  
IBM World Trade Corporation   USA (Delaware)   100.00  
  IBM Plans Management Corporation   USA (Delaware)   87.65 (B)
  IBM Bahamas Limited   Bahamas   100.00  
  IBM Foreign Sales Corporation   Barbados   100.00  
  WTC Insurance Corporation, Ltd.   Bermuda   100.00  
  IBM Canada Credit Services Company   Canada   100.00  
  IBM Canada Limited — IBM Canada Limitee   Canada   100.00  
  IBM Argentina Sociedad Anonima   Argentina   99.99 (B)
  IBM de Bolivia, S.A.   Bolivia   99.98  
  IBM Americas Holding Limited   Bermuda   100.00  
    IBM Brasil — Industria, Maquinas e Servicos Limitada   Brazil   99.99 (B)
  IBM de Chile, S.A.C.   Chile   99.99 (B)
  IBM de Colombia, S.A.   Colombia   90.00 (B)
  IBM del Ecuador, C.A.   Ecuador   100.00  
  Grupo IBM Mexico, S.A. de C.V.   Mexico   99.99 (A)
    IBM de Mexico, S.A.   Mexico   99.99 (A)
  IBM del Peru, S.A.   Peru   99.99  
  IBM del Uruguay, S.A.   Uruguay   100.00  
  IBM de Venezuela, S.A.   Venezuela   100.00  
  IBM A/NZ Holdings Pty. Limited   Australia   100.00  
    IBM Australia Limited   Australia   100.00  
    IBM New Zealand Limited   New Zealand   100.00  
  IBM India Limited   India   99.99  
  PT IBM Indonesia   Indonesia   99.00  
  YK IBM AP Holdings   Japan   100.00  
    IBM Japan, Ltd.   Japan   100.00  
  IBM Korea, Inc.   Korea (South)   100.000  
  IBM Malaysia Sdn. Bhd.   Malaysia   100.00  
  IBM Philippines, Incorporated   Philippines   99.99 (A)
  IBM Thailand Company Limited   Thailand   99.99 (A)
  IBM Vietnam Company   Vietnam   100.00  
  IBM Bulgaria Ltd.   Bulgaria   100.00  
  IBM Croatia Ltd./IBM Hrvatska d.o.o.   Croatia   100.00  
  IBM Eesti Osauhing (IBM Estonia Ou)   Estonia   100.00  
  IBM International Treasury Services Company   Ireland   — (C)
  IBM Italia S.p.A.   Italy   100.00  
    Companhia IBM Portuguesa, S.A.   Portugal   100.00  
    IBM Hellas Information Handling Systems S.A.   Greece   99.99 (B)
    IBM Israel Limited   Israel   99.99 (B)
    IBM (International Business Machines)Turk Limited Sirketi   Turkey   98.00 (B)
    IBM South Africa Group Ltd.   South Africa   100.00  
      IBM South Africa (Pty) Ltd.   South Africa   100.00  
           
  IBM East Africa Limited   Kenya   66.67 (B)
  Sabiedriba ar irobezotu atbildibu IBM Latvija   Latvia   100.00  
  IBM Lietuva   Lithuania   100.00  
  IBM Holdings B.V.   Netherlands   100.00  
    IBM China Holdings B.V.   Netherlands   100.00  
      IBM China Company Limited   P.R.C.   100.00  
      IBM China/Hong Kong Limited   Hong Kong   100.00  
    IBM Global Holdings B.V.   Netherlands   65.26 (B)
      IBM Central Holding GmbH   Germany   100.00  
        IBM Ceska Republika spol. s.r.o.   Czech Republic   100.00  
        IBM Deutschland GmbH   Germany   89.35 (B)
          IBM Oesterreich Internationale Bueromaschinen Gesellschaft m.b.H.   Austria   100.00  
          IBM (Schweiz)-IBM (Suisse)-IBM (Svizzera)-IBM (Switzerland)   Switzerland   100.00  
        IBM East Europe/Asia Ltd.   Russia   100.00  
        IBM Polska Sp.z.o.o.   Poland   100.00  
        International Business Machines Corporation Magyarorszagi Kft.   Hungary   99.93 (B)
      IBM International Holdings B.V.   Netherlands   100.00  
        IBM Ireland Limited   Ireland   100.00  
        IBM Singapore Pte. Ltd.   Singapore   100.00  
      IBM North Region Holdings   United Kingdom   99.99 (A)
        IBM Nederland N.V.   Netherlands   100.00  
        IBM United Kingdom Holdings Limited   United Kingdom   100.00  
          IBM United Kingdom Limited   United Kingdom   100.00  
    IBM International B.V.   Netherlands   100.00  
      IBM Europe Holding B.V.   Netherlands   100.00  
        Compagnie IBM France S.A.   France   100.00  
          IBM Maroc   Morocco   50.99 (B)
          IBM Tunisie   Tunisia   100.00  
    International Business Machines of Belgium S.A.   Belgium   99.99 (B)
  IBM Taiwan Holdings B.V.   Netherlands   100.00  
    IBM Taiwan Corporation   Taiwan   99.99 (B)
  IBM West Africa Limited   Nigeria   100.00  
  International Business Machines A/S   Norway   60.00 (B)
  IBM Romania Srl   Romania   100.00  
  IBM Slovensko spol s.r.o.   Slovak Republic   100.00  
  IBM Slovenija d.o.o.   Slovenia   100.00  
  International Business Machines, S.A.   Spain   99.990 (B)
  IBM Nordic Aktiebolag   Sweden   100.00  
    IBM Danmark A/S   Denmark   100.00  
    Oy International Business Machines AB   Finland   100.00  
    IBM Svenska Aktiebolag   Sweden   100.00  
  IBM Middle East FZ-LLC   United Arab Emirates   100.00  
(A)
Minor percentage held by other IBM shareholders subject to repurchase option.

(B)
Remaining percentage owned by other wholly-owned IBM company(s).

(C)
Compagnie IBM France S.A. owns 48.98%, OY International Business Machines AG owns 18.37% and IBM Danmark A/S owns 32.65% of IBM International Treasury Services Company.


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